Macquarie Credit Union is reducing Variable Home Loan Interest Rates by 0.20%, this will come into affect for all existing loans as of 1st May. Additionally, our fixed rates have also been recently reduced by up to 0.18%. For full details on these changes click to visit our Loan Interest Rates.
In an unprecedented time, we are balancing the vital need to reduce costs for all borrowers, meanwhile considering the returns needed by our depositors, many of whom are retirees.
Our Savings and Term Deposit interest rates have also been reduced. Term Deposits up to 0.10% and up to 0.15% on some savings accounts, these changes will come into affect on the 6th April. For full details on these changes click to visit our Deposit Interest Rates.
Many Australians have recently lost employment or been indefinitely “stood down” due to the COVID-19 / Coronavirus Pandemic.
If you have been affected, it is important to check with your CCI Insurer whether or not you are entitled to place an ‘Involuntary Unemployment’ (IU) or similar claim.
Don’t automatically assume that you are not covered. Some insurers are stepping up and providing temporary extensions of cover for claims arising due to COVID-19/ Coronavirus.
Visit your current insurer’s website and contact them to find out more.
You may need to be patient. The surge in enquiry may result in longer call waiting times than normal.
Macquarie Credit Union will be closed on Friday 10th April and Monday 13th April due to the Easter Public Holidays.
For all members that have periodical payments or quick debits due on these days please be aware of the following:
- Transfers due on Friday 10th April 2020 and Monday 13th April will be drawn on Thursday 9th April.
- To ensure these transfers occur please make sure funds are available in your accounts by close of business Wednesday 8th April.
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